JMP Securities Cuts Bragg Gaming Group (NASDAQ:BRAG) Price Target to $5.00

Bragg Gaming Group (NASDAQ:BRAG) had its price target reduced by JMP Securities from $6.00 to $5.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Bragg Gaming Group Stock Down 3.4 %

Bragg Gaming Group stock opened at $3.45 on Monday. The company has a fifty day simple moving average of $3.65 and a 200-day simple moving average of $4.66. The firm has a market capitalization of $86.29 million, a price-to-earnings ratio of -14.37 and a beta of 0.73. Bragg Gaming Group has a 52-week low of $2.86 and a 52-week high of $7.00.

Institutional Trading of Bragg Gaming Group

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Bragg Gaming Group in the second quarter valued at approximately $77,000. Dimensional Fund Advisors LP purchased a new position in shares of Bragg Gaming Group during the 2nd quarter worth $200,000. Finally, Renaissance Technologies LLC boosted its position in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.